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The Iraqi Trade Bank decides to expand the financial transfer process for merchants

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The Iraqi Trade Bank decides to expand the financial transfer process for merchants

2023-07-29 | 13:15
Source:    Alsumaria News        2,550 views

The Iraqi Trade Bank decided, on Saturday, to expand the scope of the external financial transfer process for merchants to import consumer goods at the exchange rate of the Central Bank of Iraq, stressing that

this matter came from the directions of the Presidency of the Council of Ministers.  The bank said in a statement,

“Based on the directions of the Presidency of the Council of Ministers and the Central Bank of Iraq to limit the rise in the exchange rate of the dollar against the dinar in the local markets,

and to support the import process in accordance with legal frameworks and correct and sound contexts in a way that guarantees the safety of financial transfer operations, which reflects positively on individual merchants and shop owners.” commercial".  The statement added,

"The Iraqi Trade Bank (TBI) decided to take the initiative to expand the scope of the external financial transfer process by allowing the aforementioned groups to import consumer goods at the exchange rate of the Central Bank of Iraq 1320 dinars per one dollar, provided that the value of the external transfer for each individual merchant per month does not exceed (one hundred thousand). dollar)".  

The bank pointed out that

"work will be in this matter, starting in the bank's branches in the capital, Baghdad, and

work will be expanded in other branches outside Baghdad soon, according to the instructions of the Trade Bank of Iraq."


https://www.alsumaria.tv/news/economy/463123/المصرف-العراقي-للتجارة-يقرر-توسيع-عملية-التحويل-ال


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